10 pips ver 5 is a popular and relatively safe Expert Advisor. The principle of its work is based on the strategy of the same name, which uses the levels of the previous day. 10 pips ver 5 is a breakthrough strategy and is based on moving in the same direction as the sessional level. In general it is recommended to set stoploss at the opposite level, but there are situations when it is not advisable, so it is recommended to make stoploss and takeprofit fixed. The Expert Advisor is trendy and suitable for highly liquid pairs such as EURUSD, GBPUSD and USDJPY. The deposit to work with this Expert Advisor must be at least 2000 units per 0.1 standard lot. Timeframe can range from M15 to H1. 10 pips ver 5 does not use any indicators and does not use funds such as martingale or similar to it to clear the drawdown. The main advantage of 10 pips ver 5 over other Expert Advisors is the automatic determination of the account’s digit capacity, i.e. whether the account uses 4 or 5 decimal places, and according to this the work is organized. Also, the Expert Advisor is able to work with pending orders and takes into account the automatic calculation of the input lot. The 10 pips ver 5 magic can be used simultaneously with other Expert Advisors on the same trading account. The use of this Expert Advisor is possible when working with any forex broker.
10 pips ver 5 – detailed information
|Type of Expert Advisor||trend|
|Size of the lot||no less than 2000 units per 0.1 standard lot|
|Size of deposit, $||1000|
|Timeframes||from M15 to H1|
|Strategies||10 pips on Euro-dollar, martingale|
|Recommendationed brokers||Alpari, FxClub, NordFX|
|Pair tool/forex||EURUSD,GBPUSD,USDJPY (and other highly liquid)|
|Yield, % p.a.||14.87|
|Max. drawdown, % p.a.||23.15|
|Autonomous account type|
|Maximum risk limit|
|Many series in one direction|
|Automatic start lot|
|Fixed Take Profit|
In connection with the popularization of automated trading, many investors ask themselves what is a Forex Expert Advisor? First of all, it is a special program required to manage the trading process automatically, i.e. without the trader’s participation. A trader invests in the robot in advance, a kind of algorithm, the conditions on the basis of which the subsequent market activity is carried out.
When you trade manually, you need to analyze the market yourself, take into account the forex forecast for the current day, forex news and choose the entry points to the market. However, it is also possible to trade automatically, using special programs that do most of the work for a trader – forex advisors.
Trading involves obtaining a great deal of knowledge – understanding the functioning of the market and various nuances, including the ability to apply technical and fundamental analysis. Forex Expert Advisors, i.e. the programs used for automatic trading, cannot help it.